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Markets Score 32 Neutral

Unusual Options Volume Spikes for 3M and Lemonade

Apr 20, 2026 19:22 UTC
MMM, LMND, AAPL
Immediate term

Significant options trading activity was detected for 3M and Lemonade, with volumes reaching a high percentage of their average daily trading levels. Traders are heavily positioning in near-term contracts expiring April 24, 2026.

  • 3M options volume reached 23,355 contracts
  • 3M $160 strike calls saw 5,578 contracts traded
  • Lemonade options volume reached 11,415 contracts
  • Lemonade $62 strike puts saw 1,294 contracts traded
  • Both stocks saw options volume exceeding 69% of average daily share volume

Market data reveals a significant surge in options activity for 3M Co (MMM) and Lemonade Inc (LMND), with trading volumes reaching a substantial percentage of their respective average daily shares. This activity is concentrated in contracts expiring on April 24, 2026, suggesting traders are speculating on short-term price movements. 3M saw 23,355 contracts traded, representing roughly 2.3 million underlying shares. This volume accounts for approximately 75.4% of the company's average daily trading volume of 3.1 million shares. Specifically, the $160 strike call option was highly active, with 5,578 contracts traded during the session. Similarly, Lemonade experienced a volume of 11,415 contracts, equivalent to 1.1 million underlying shares. This represents 69.1% of its monthly average daily volume of 1.7 million shares. The $62 strike put option was particularly active, with 1,294 contracts traded. While options flow can indicate sentiment, these spikes often precede volatility around specific expiration dates. The concentration in calls for MMM and puts for LMND suggests divergent short-term expectations for the two equities heading into the end of the week.

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